First Horizon Corp (NYSE: FHN) has recently enjoyed extremely important positive changes in investment behavior: positive upside/downside volume developed, and the stock’s recent price rise disrupted its longer term downtrend.
Meaningful positive changes in First Horizon Corp (NYSE: FHN) fundamentals have recently occurred: significant quarterly earnings acceleration occurred, and significant quarterly sales acceleration occurred.
In light of these very positive signals we are reviewing our current Overall Rating of C. We would view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, FHN is expected to continue to be an important Value Builder.
First Horizon has a current Value Trend Rating of C (Low Neutral). The Value Trend Rating reflects contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. First Horizon has a slightly positive Appreciation Score of 65 but a poor Power Rating of 24, with the Low Neutral Value Trend Rating the result.
Recent Price Action
First Horizon Corp (NYSE: FHN) stock closed at $13.49 on 12/4/23 after an increase of 1.1%. Moreover, this advance was accompanied by unusually high trading volume at 174% of normal. The stock has risen 11.0% during the last week but has been weak relative to the market over the last nine months.
Be the first to comment